Elliot Management Financing Lawsuit Against Quibi
Hedge fund puts money behind patent infringement suit against the company in exchange for equity stake
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Recent Editions
Comcast’s NBCU Discusses Layoffs
The discussions come as NBCU has seen huge drops in revenue from its theme park and film businesses amidst shutdowns.
Charter Reports Strong Growth in Broadband
Charter's results are the latest sign that the pandemic is driving more people to sign up for the internet.
Microsoft Reportedly Eyeing Software Automation Startup
U.K.-based Softomotive, which has raised $25 million, would be cheaper than established software-based automation companies like UIPath and Automation Anywhere.
Facebook at Risk of Losing Ads Measurement Approval by Top Watchdog
A leaked letter from the Media Rating Council said Facebook “failed to address advertiser concerns arising from a 2019 audit."
Tesla CEO Musk Tweets Stock Price ‘Too High,’ Shares Plunge
Perhaps Musk's tweet is intended to make the stock more appealing as part of a future cash raise.
Lawmakers Call On Bezos to Testify Over Third-Party Sellers
The House Judiciary Committee’s call for the Amazon CEO to appear highlights ongoing concerns that Amazon used data from third parties to launch competing products.
FBI Director Opposes Encryption Now, Previously Worked for Facebook
FBI Chief Wray wants law enforcement access to encrypted messages. He argued the opposite while representing Facebook’s WhatsApp.
Services Drives Apple Revenue Higher, Despite iPhone Drop
The growth in services offset an expected decline in device sales, vindicating CEO Tim Cook's strategy of expanding services like video streaming.
Amazon Reports Retail Surge, Says Pandemic Investments to Eat Profits
Amazon saw a huge increase in retail sales as more people shop online, but warned that Covid 19-related investments will wipe out second quarter profits.
Quibi Execs Admit Rough Launch Timing
Downloads have looked strong in the first few weeks, but with high costs the company needs to get paying subs quickly
Blue Origin, SpaceX Tapped by NASA to Build Moon Landers
Companies owned by Bezos and Musk will compete to build lander slated for 2024 trip to the moon.
Apple Executive Joins Biden Effort to Find Running Mate
Apple's Cynthia Hogan is the only member of the vetting committee who is not a politician.
Zoom Video Restated User Numbers
Zoom's stock fell nearly 7% after the correction, which raises questions about how the videoconferencing service measures its usage.
Andreessen Horowitz Raises $515 Million for New Cryptocurrency Investments
It's the second such fund for the venture capital firm, one of the early institutional investors in the digital currency and related businesses.
AT&T Merges Ad Tech Unit With WarnerMedia
The move raises questions about the future of the ad tech unit.
Travel Firms Seek Refunds on Google Ads
The eight companies spent more than a combined $80 million on Google ads in the first quarter.
Comcast’s Video Subscriber Losses Accelerate in First Quarter
The cable giant anticipates an increase in declines in video subscribers due to the economic downturn.
Twitter Sees Record User Growth, Warns of Sustained Revenue Plunge
Twitter set a new record with 24% user growth last quarter. But a late-quarter plunge in ad revenue indicated that the worst is yet to come.
SoftBank Revises Forecast, Predicts Wider Loss on WeWork
Investors appear to have already priced in the pain before the revision, with shares of SoftBank ending a tad up for the day in Tokyo despite the news.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy